Donors commit $7.6bn to ADF - ITREALMS

ITREALMS:

The donors of the African Development Fund (ADF) on Thursday agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty, reports ITREALMS.

This fifteenth replenishment of the ADF (ADF-15), up 32 per cent from the previous cycle, sends a strong signal of trust in the Fund, which is the concessional window of the African Development Bank Group.

The Fund comprises 32 contributing states and benefits 37 countries – including those experiencing higher growth rates, headed towards new emerging markets, and fragile states needing special support for basic service delivery. The Fund’s resources are replenished every three years.

ADF-15 will support Africa’s most vulnerable countries by tackling the root causes of fragility, strengthening resilience, and mainstreaming cross-cutting issues. These include gender, climate change, governance, private sector development, and decent job creation.

“What a great pledge we’ve achieved with your support... Together we’ve exceeded the target set for this replenishment. What a great and successful replenishment story that is, “said Akinwumi Adesina, President of the African Development Bank.

Over the past 45 years, the ADF has played an important role in the development journey of African low-income countries.

Uboshe Uboshe/Editor

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Tambuwal, Amaechi lead speakers @ADA 2014

ITRealms:

The 2014 edition of the Africa Digital Forum  (ADF) and Africa Digital Awards (ADA) is slated to be graced by the Speaker of the House of Representatives, Rt.Hon Aminu Tambuwal as the special guest of honour, reports ITRealms.

This is coming as the organisers told ITRealms that Rt. Hon Rotimi Amaechi, the Executive Governor of Rivers State would be the chairman of the day, while his counterpart at Osun State, Ogbeni Rauf Aregbesola, Executive Governor of State of Osun, would lead key speakers on December 14 at Sheraton Hotels, Ikeja-Lagos.

According to the anchor, Mr. Tayo Adewusi of ICTWatch Network, other key speakers expected include Austin Okere, Group GMD of CWG Plc and Segun Ogunsanya, the managing director, Airtel Nigeria to name a few, just as the event would be telecast on MITV, TVC, NTA, Focus Television on Cable and YouTube Channels.

Adewusi also told ITRealms that as part of ICTWatch Network focus at this year’s Africa Digital Forum ADF and Africa Digital Awards ADA, they would dwell on the theme “Broadband: Oxygen for a Digital Economy,” which promises to parade the most celebrated ICT industry players and investors, decision makers in federal government parastatalls, state and even local governments.

As said by him, the agenda setters at the forum includes Dr. Eugene Juwah, EVC / CEO of Nigerian Communications Commission NCC, Mr. Peter Jack, DG of National Information Technology Development Agency NITDA and Prince Emeka Mba, DG of National Broadcasting Commission (NBC), while both the Chief host would be Dr Ernest Ndukwe and Governor Babatunde Raji Fashola of Lagos State.

+Remmy Nweke +Remmy Nweke (ITRealms)
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Pix: Speaker of the House of Representatives, Rt.Hon Aminu Tambuwal